With Ukio Bankas bankrupt there is an acceptance that Hearts, who owe the bank in the region of £15m, will go into administration shortly after the end of the season. This might not be the case.
Hearts major problem is their major asset, Tynecastle Stadium, which occupies a valuable patch of land in Edinburgh. If administrators acting on behalf of Ukio have free access to the stadium they may shut it and look to recoup their loans by selling the land. There is a possibility Hearts could be a football club without a stadium, but that does not necessarily mean they will go into administration. Without a stadium to use the club would be liquidated but there is a possibility they would be able ground-share.
Hearts tested the land value before the property crash and received an offer of £22m from a house builder.
Alternatively the bank’s administrators could use their considerable influence over how the club is managed to sell their shares or come to some other arrangement (Ticketus, anyone?). When the major creditor has this much control of the company without administration, going through the formal process could actually harm their chances of getting their money back.
Hoops 4 Haiti, who assist in the relief of poverty and suffering in Haiti, are holding a traditional Irish music night at Roderick Dhu on Waterloo St, Glasgow on Saturday 11 May. Live entertainment and a buffet for only £7.50, get your tickets here. You can find out more about Hoops 4 Haiti here.
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Of course…
…if the SFL1 clubs join the SPL gang, then next season SFL2 will be the new SFL1, and the new Sevco will have had a promotion, jumping 2 divisions in one fell and unpleasant swoop.
Should we expect complaints?
:¬)
corkcelt
15:32 on
3 May, 2013
OG Was it not you saying that you had a friend working in the Sun Newspaper and that he had been working on a story and it was about to break.
___________________
The poster with the username of the 5 Kennedy brothers Initials(cant remember how they were set out) posted that.
O.G.
Tick Tock
Presumably the SFA will take firm and decisive action to revoke the licenses of clubs breaking the rules by not giving the requisite two years notice.
Oh wait….
On the earlier conversation regarding Lennoxtown Bhoys going to St Ninian’s. Are they allowed to play for the school team?
up_over_goal,
a motion of no confidence would be a start, but as of yet not one club since the farce
began has done so, now if the club’s dont call for it they must be content with his leadership.
up over goal
Its quite clear the guy is untouchable, probably like sevco has several layers of masonic protection wrapped around him, nothing will budge him.
Twitter.
Let’s get one thing clear, NewCo haven’t signed to resign. If we see them ‘moved up leagues’, then it’s the complete doing of the SFA.
The lack of leadership in Scottish football is frightening. 10 clubs threatening to resign and top dogs don’t know about it? Astounding.
The last reconstruction meeting was meant to be last week and now the last one is this Tuesday.#somethingstinks
16 roads
Thanks for the nod of assent. My comments are no more valid or worthy than anyone else’s. However, I mean it when I say I’d pay to watch him at another club. that isn’t to say we haven’t had entertainment – we have, but it’s been sporadic this season.
Something WGS said on Shortbread last night struck me – he said fans identify more with ‘tough guys’, players who throw their weight about, rather than more elegant, refined craftsmen. Sadly, I think that’s just as true at Celtic as it is anywhere else, despite our reputation.
tomtheleedstim
12:50 on 3 May, 2013
Huns official site – “signings must be right fit”
could mean-
Being the correct choice
Being very attractive
Not of the Catholic persuasion
Apologies if someone has already expressed this thought but I came to the conclusion immediately that they were short on kit.
Moonbeams, dream on………
leftclicktic, 15:44
Tick.
Tock.
Over on the darkside, the Orcs have a thread going on the SPL2 possibility. One guy claims a Director of an SFL Club phoned him and said that there would be no invite for R*ngers. A lot of these guys are attention seekers and tend to make wild claims so his claim carries a Health warning.
Paul 67
A wee heads up in case you’re unaware.
You’re being quoted here —
http://www.lse.co.uk/SharePrice.asp?shareprice=RFC
Paul67
Bada has suggest I source his email from yourself could you oblige by sending please
Cheers
up-over-goal
Celtic supporters DO love craftsmen [think of Lubo].
Our greatest ever player is Jimmy Johnstone, a master of his craft.
We always want the rapier to defeat the bludgeon.
The ole 3 month share price graph for RIFC shows steady progress towards the cash strapped end of scrofularity.
The S.F.A…… says it all.its their reaction,its what they do… SFA
they really do take boundless incompetence to new heights.can you imagine if this where the DFB? Their eye is so swivelled that it is certainly is not watching our game.
I seem to recall Fergus having a pop at them for having over 250 employees/administrators whilst in contrast the NBA in America was ran by 6 administrators.
What would the implications be for the SFL Clubs if this breakaway went ahead. I assume they would restructure and have either a single 18 team Division or invite in 2 non League Clubs and have 2 10 team Divisions. Would there still be automatic promotion from SFL 1 into SPL 2.
Barcabhoy @Barcabhoy1 24m
Not a chance Rangers will receive an invite to join any SPL league. None, Zero. SPL clubs very wary of ownership.
up_over_goal
If he came out and swore his undying love for Paddy McCourt???
If Cowdenbeath (Findlay) and Dunfermline (Yorkston/Leishman) are involved in the quitters then you can bet your boots that they will invite their bretheren from the South Side.
leftclicktic
15:22 on 3 May, 2013
Thinking the exact same mate especially with Ballantyne involved with Airdrie.
RFF Badge holder Jim Ballantyne :)
Sofia Vergera time on Sky 2
Well I suppose Sevco could just buy Cowdenbeath oh I forgot they cannae buy SFA they are broke.
I tried to have a look on the nazimedia site to see what the chatter was regarding the dodgy IPO stuff doing the rounds today.
Its melted like one of 16 roads scones.
It’s a damn shame as I was looking forward to seeing their desparation once more. Ach well, back to work instead.
starry plough
:-) That should do it.
Dontbrattbackinanger
I said ‘despite our reputation’. JJ was in the past, and when Lubo played for us he often omitted by MON, who didn’t ‘trust’ him. Ring any bells?
But my point was aimed more at fans, who seem to need a hard man type.
DBBIA
Further to above – Ironically, it was WGS, so derided by large sections of the support, was the last manager in recent times to let a genuine ball-playing talent – Nakamura – flourish.
Martin o’Neill’s team was not a typical Celtic team ,ie it was full of big bruisers.
Good job they were so succesful ;/)
corkcelt
16:04 on 3 May, 2013
Well I suppose Sevco could just buy Cowdenbeath oh I forgot they cannae buy SFA they are broke.
————————————-
Corkcelt
They pay nothing for SFA favours – those are provided gratis to them…
Why do clubs want a SPL2 when everyone says the original is crap?
These clubs fed up with Longmuir working to a Sevco agenda and this is a statement of intent?
the long wait is over
16:19
Not that you mention it, ‘Sevcowdenbeath’ scans quite well.
Just finishing the new issue of CQN Magazine – a thing of beauty! Paul will post the mag at the beginning of the week.
We are also sending the first ever CQN Book to the printers – just posted a sample of the cover on the CQN Facebook page – so nip over for a look. Here’s the text for the promo page for the book – which is from the new mag…
WILLIE WALLACE – HEART OF A LION
AN AUTOBIOGRAPHY ON CQN BOOKS!
CQN’S STAR WRITER
BROGAN ROGAN HOGAN AND TREVINO
ON WILLIE WALLACE, HIS CAREER AND THE LISBON LIONS! – UNMISSABLE!
AND A SUPERB ESSAY ON WILLIE WALLACE AND CELTIC BY RESPECTED BROADCASTER ARCHIE MCPHERSON
FOREWARD BY ROD STEWART – CAREER STATS BY PAT WOODS – EDITED BY MICHAEL KNOWLING
AND INTRODCTION TO CQN BOOKS BY PAUL BRENNAN
THIS IS A STAR STUDDED CELTIC LINE-UP – TOGETHER THEY CREATE ONE OF THE BEST WRITTEN AND MOST ENJOYABLE CELTIC BOOKS OF ALL TIME!
ADVANCE HARDBACK ORDERS FOR SIGNED COPIES ON http://WWW.CELTICQUICKNEWS.CO.UK shortly! PRICE £20 Including FREE DELIVERY!
CQN BOOK for the CELTIC FAMILY and by the CELTIC FAMILY
Willie Wallace – Heart of a Lion is published by CQN Books on 25 May 2013 and will be available from Celtic stores, Waterstones, WH Smith, Easons and all good bookstores and online at Amazon and direct from http://www.celticquicknews.co.uk
Celtic First
Very funny – I think I’ll use that , with your permission.
;-)
SPL2 with Sevco? Just had a flash of Chick Young sitting in a cafe doing the scene in When Harry Met Sally.
Celtic first
Re your query about Lennoxtown bhoys playing for St Ni Ian’s School team. I think not. They have a partnership whereby the bhoys’ schooling is provided by St Ninian’s but they take no part in the school teams. I think that is the case anyway.
On SPL2, we can take encouragement that it is Jim Spence breaking the story. He is perhaps the only one associated with football at BBC Scotland with any credibility.
You can always smell the rat when it’s Sevco stenographers like McLaughlin, Lamont or McIntyre breaking the news.
I think we should all be quaking in our boots.
Sevco, the new Barca of scotland is just around the corner.
http://www.bbc.co.uk/sport/0/football/22400088
Dearie, dearie me.
Turnbull Hutton
Talking to his own fans before Last reconstruction was stopped by
St Mirren & RC.
He discusses SPL 2 among many other things
It may take a few seconds to load
http://www.raithrovers.info/2013/02/open_meeting.mp3